Panama City Embraces Crypto Taxes, Partners With Bank to Implement New System

Panama City has taken a significant step towards embracing cryptocurrency for tax payments. The city’s council has approved the implementation of a new system that allows residents to pay taxes, fees, permits, and fines using Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) through a partnership with Towertrust Inc. and Towerbank International Inc.